E$8-9($Algo$)$ Computing Depreciation under Alternative Methods LO$8-3$

Plain Ice Cream Co$.$ bought a new ice cream machine at the beginning of the year at a cost of $$20,000.$ The estimated useful life was four years or $9,900$ hours of use, and the residual value was $$2,180.$ Actual annual usage was $3,960$ hours in Year $1$; $2,970$ hours in Year $2$; $1,980$ hours in Year $3$; and $990$ hours in Year $4.$

Complete a depreciation schedule for each method:

Straight$-$line

Units$-$of$-$production

Double$-$declining$-$balance